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Are you wondering if Real Estate is the right business for you, please go through the content below and don’t forget to do more research about real estate.

Business Questions

Why should I or my Agency list with you?

It is our ultimate desire to assist Buyers or Sellers of Real Property to achieve their goals with every Real Estate transaction. Every Buyer and every Seller is unique and has different motivations and conditions relative their transaction. Some Buyers are first time home buyers and are looking for counsel, experience, and guidance. Other buyers are experienced, and are looking for agents to find the perfect property, and then assist them to smoothly walk through the purchasing process to a successful closing.

We are the bridge between you and the final buyers.

Whether you are buying or selling a Single-Family Home, Town home, Condominium or Multi-family building, Kiriza will give you a higher level of service/features than you will ever experience from other businesses. These include:

  • Currency Switcher.
  • File/Brochure Attachment.
  • Multi-units/ Sub-Listings.
  • 360 degrees virtual tour.
  • Property Statistics and Reviews.
  • Schedule Visit/Booking Calendar

….and so much more.

We have always looked at Real Estate as a relationship industry. This is why Buyers return to Real Estate Agents they have worked with before. The trust and respect for that Agent that results after may even lead to recommendation to a potential client by an existing one. At Kiriza we do our best to understand and relate not only to agents/agencies’ needs, but also the final consumer who is meant to utilize the property being represented.

We do believe that having a powerful platform like ours on your side (be it secondary or primary) is of paramount importance to not only beat your competition, but also reach out to as many potential buyers/prospects as possible. We know you are not in this business to let your rival close more deals than you, so don’t give him a chance to.

Qualities of a good Property Management Company

1. Leadership

The right property management company will help guide your community to a successful future. When interviewing potential property management companies, ask not only who your manager will be, but who will be supporting him or her. A skilled team of experts in various fields including HR, engineering, training and accounting support each property manager with advice and best practices in order to deliver the best service for your property.

2. Standard Operating Procedures

The best property management company should have proven operational procedures, which have been developed through years of experience. You will want to ensure the company has standard practices they put into place for every community or building they serve. These operating procedures should include preventive maintenance programs, a full audit of all contracts and vendors, a transparent financial system and budget, and solutions that enhance the value of your property, as well as the lifestyle of all the residents in it.

3. Financial Stewardship

Look for a residential management company with an internal financial management team led by certified accountants. The best management companies will follow rigorous internal review and accounting protocols to promote financial health and stability of your association.

4. Vendor Relationships

A property management company that has strong, long-held partnerships with quality service providers will be able to negotiate savings such as discounts on community purchases and lower rates on regular maintenance, while still maintaining a superior level of service.

5. Communication

Weak communication is one of the most often complained about qualities in property management. Look for companies with a 24/7 call center and other forms of technology that allow you to communicate with a professional who can answer your questions or respond to your requests in a timely fashion.

6. Attention to Detail

From your property itself to the people who live in it, the right residential management company will provide you with a manager that pays great attention to detail. You probably know the unique features and eccentricities of your community — a property manager who asks about them and seeks to understand what makes your property tick will be able to provide you with the best service.

7. Responsiveness

There are a variety of issues that may arise in a community association and it is nice to have a management company with the know-how to steer you in the right direction. Great property managers take the time to truly understand daily life in the communities and buildings they serve. They are ready and well prepared to respond to issues that arise.

8. Commitment to Training

Expert property management and exceptional customer service can only be provided by a knowledgeable, unified and superbly trained team. Look for property management companies that are committed to providing continual educational and development programs for their managers, including hands-on training, classroom learning and online training systems. This way, your manager will be on the cutting edge of industry and product knowledge, and equipped to deliver the highest levels of service to board members and residents.

9. Transparency

It is also important that your residential property management company operates under full transparency. The company should be able to provide you with disclosure on any affiliated companies it does business with. You should also ask this company about their financial controls and if they are subject to Sarbanes-Oxley. Another valuable asset, which your property management company should provide to its associates, is an internal ethics hotline in order to report and record unethical activities.

10. Focus on Sustainability

A company that is committed to going “green” will help reduce your community’s carbon footprint, energy usage and operating costs to create a healthier (and more cost-efficient) living environment. If a property management team has LEED accredited professionals on staff, it is a good sign that they are focused on sustainability.

11. Accountability

Great residential management companies should not rest on their achievements. They should be open-minded, collaborative and continuously looking to improve their service offerings and customer service. Ask if your company will obtain candid board member feedback on a regular basis about how they are performing – and whether they will take action as a result of that feedback to become even better at providing your community with the best service.

12. Ability to Listen

It may seem basic, but it is essential – and often a fault of many highly-experienced property management companies. Some companies may assume that just because they have been in the business for years, they already know exactly what your community needs. A company with the ability to really listen and collaborate with your board will be able to customize their full-service association management solutions and value-added services to meet your needs, achieve your goals and realize your community vision.
Courtesy of https://www.fsresidential.com

Is an older home as good a value as a new home?

This is really just a matter of preference, but both newer and older homes offer distinct advantages, depending upon your unique taste and lifestyle.

Older homes can generally cost less than new homes, however, there are many cases where new homes can also cost less then older homes. Most new homes will not have any backyard landscaping and some don”t include any front landscaping either. With an older home, the landscaping is normally already completed and could have 10”s of thousands of dollars in landscaping done, which is included in the purchase price.

Taxes on some older homes may also be lower. Some people are charmed by the elegance of an older home but shy away because they”re concerned about potential maintenance costs. Consider a home warranty to get the peace of mind you deserve. A good Home Warranty plan protects you against unexpected repairs on many home systems and appliances for a full year or more after you move in.

In a new house, you can pick your own color schemes, flooring, kitchen cabinets, appliances, custom wiring for TV”s, electrical, computers, phones and speakers, etc., as well as have more upgrade options. Modern features like media rooms, extra-large closets and extra-large bathrooms and tubs are also more attainable in ground-up construction. In a used home, you rely largely on the previous resident”s tastes and technological whims, unless you plan to farm thousands into a remodeling and rewiring.

New-home designers can use new building materials such as glazed Energy Star windows, thicker insulation and other technology that will lower future energy costs for the owner. Most states now have minimum energy-efficiency requirements for new construction. Kitchens and laundry areas in new homes are designed to house more efficient energy-saving appliances. Older homes, unless they have undergone an energy retrofit, usually cost much more per square foot to air-condition and heat.

Builders have to follow very strict guidelines in new-homes and additions, especially in the West and Northwest, where earthquake safety standards must be observed. In general, new homes are usually more fire-safe and better accommodating of new security and garage-door systems.

Older homes can be better judged for their quality and timeless beauty. New homes that now possess a smooth veneer might reveal the use of substandard building materials or shoddy workmanship over time.

As you can see there are advantages and dis-advantages to each, but it really comes down to what fits you and what you are looking for in a home.

What is a broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker.

What is the difference between being prequalified and preapproved for a loan?

If you’re prequalified it means that you POTENTIALLY could get a loan for the amount stated to you, assuming that all of the information you provide to the bank is accurate and true. This is not as strong as a preapproval.

If you’re preapproved, it means that you have undergone the extensive financial background check, which includes looking at your credit history, previous tax returns and verifying your employment – and the lender is willing to give you a loan, basically meaning you’re approved!

You will usually be provided an accurate figure which shows the maximum amount that you are approved for.  Most sellers prefer buyers that have been preapproved because they know that there will not be any problems with the purchase of their home.

I am a Dalali (Native Agent) who wants to learn more about the industry.

At the moment, Ardhi University offers a Degree of 3 Years of Real Estate Studies. There you will learn a lot and attain a license to operate and represent firms in big contracts.

Can I pay my own taxes and insurance?

It is very important for you to pay taxes as the Government of your Country requires you to do so. It is also advised to keep records of all the financial transactions, not only for proper tax calculations but also for record keeping, tracing and successful business operations.

Insurance is a crucial for any business. It protects:

  • Workers & their health.
  • Properties such as cars, offices among others.

Point to Note: Since the Property Management Company will have a Manager working in the premises (if applicable), the owner of the property and the company can come up with an agreement to split the bill so as to save costs.

 

 

How is interest calculated on a mortgage loan?

Most mortgages originated today calculate interest in arrears, unlike consumer loans which calculate interest to the date of payment receipt. As an example, when borrowers pay their February mortgage payments, they are paying the January interest. This method of calculating interest is based on a 360 day year in which each month has 30 days.

What benefits do I receive from private mortgage insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property.

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